Fostering Innovation Under Make in India

(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.) Fostering Innovation Under Make in India MUMBAI, June 6, 2016/PRNewswire/ -- By Swapnil Kamat, Founder CEO, Work Better Of the many new initi

(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.) Fostering Innovation Under Make in India

MUMBAI, June 6, 2016/PRNewswire/ -- By Swapnil Kamat, Founder CEO, Work Better Of the many new initiatives launched by the Modi government since coming to power in 2014, the biggest and the most looked forward to, has been the Make in India campaign. The initiative calls for Indian as well as foreign companies in different sectors to manufacture in India in order to give a much-needed boost to the Indian manufacturing industry.

With the governments enterprise towards manufacturing locally products that are currently imported, there is a palpable sense of positivity engulfing not only the manufacturing industry but the whole financial fabric of the country.

A major part of the Make in India initiative depends on Indias ability as a nation to foster research and innovation. Without ensuring and enabling innovations in India, Make in India cannot be a truly successful initiative. Historically, the spirit of innovation in India has been pretty slacking in nature. The number of patents filed for new products and services by companies as well as individuals has been very low as compared to other countries - 2% of the total filed across the world, according to GE Global Innovation Barometer 2016. (MORE) PRN TLS TLS

This is unedited, unformatted feed from the Press Trust of India wire.

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